20020 Elfin Forest Road
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20020 Elfin Forest Road

Dbottom 20%

Escondido, CA 92029

$2,349,000

Pass at asking: -$13,730/mo full cashflow at 20% down, 7.36% rate.

Works at $552,358 (76% under asking); even all cash loses money at asking.

Rent $5,482/mo from 5 leases of 4-bed houses in 92029 ($4,720–$5,415).

Beds

4

Baths

2.5

Sqft

2,727

Year Built

1990

Days on Market

64

Property Type

Single Family

HOA/mo

N/A

MLS ID

NDP2608385

This property is in Escondido (92029). Browse neighborhood analytics →

Virtual Tour

About This Property

Price reduction! The property just appraised at $2,375.000! Incredible estate property in Elfin Forest, set on 2.66 pristine acres. Looking for a multifamily estate opportunity? The lower pasture has a permitted tack room that already has water and electricity. The horse facilities are impressive but also offer an opportunity to build 1-2 detached ADU's. There is already street access to the lower pasture so that makes for an easy set up. Looking for horse facilities? This home offers it as well with a large arena, round pen, 2 stall in and out, tack room, fenced pasture, and access to the horse trail system. Ideally positioned adjacent to the conservation area, this serene retreat captures sweeping mountain vistas and tranquil pastoral views. The 4-bedroom residence offers an exceptional indoor-outdoor lifestyle with picturesque outlooks of the horses from the kitchen and family room, and mountain views from nearly every room. This property doesn't have zoning limits for horses, so the opportunities are endless. Entry gate, 3 car garage and a well maintained home is a must see! A rare equestrian offering that blends privacy, natural beauty, and refined country living. CHECK OUT THE 3 MIN VIDEO OF THIS AMAZING PROPERTY. IF YOU CANT SEE IT ON THE WEBSITE YOU ARE ON, CHECK OUT the listing agents site or ask your agent to send it to you. Unfortunately, 3rd party sites don't carry videos', just pictures but agents can obtain access to them.

Mortgage Calculator

Est. Monthly Payment

$15,994

Principal & Interest$12,960
Property Tax$2,349
Insurance$685
%($469,800)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Bernardo Elementary · grades K-5 · Escondido Union

  • Middle

    Del Dios Academy of Arts and Sciences · grades 6-8 · Escondido Union

  • High

    San Pasqual High · grades 9-12 · Escondido Union High

The district's assigned schools for this parcel, from its attendance boundaries and rules. Boundaries change: confirm with the district before you buy.

Investment Score

0D
Est. Monthly Rent
$5,482

5 leases of 4-bed houses in 92029 · $4,720–$5,415

Blended 50/50 with a property-level estimate

Monthly Cashflow

Rent − PITIA

-$10,512
Full Cashflow

Incl. vacancy, PM, maint, capex

-$13,730

What would make this work?

$13,730/mo short at 20% down; +$17,832/mo rent closes it.

Break-even price

76% under asking

$552,358
Break-even rent

$17,832/mo above the estimate

$23,314/mo
Cashflow at 35% down
−$11,300/mo
Down payment to break even

Negative even all-cash

Not reachable
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$12,960
Cap Rate
-0.25%
Cash-on-Cash
-35.07%
DSCR

Need ≥ 1.25 for DSCR loan

0.34

NOI (Annual)
-$5,955
Price-to-Rent

Lower = better for investors

35.7

* Modelled at 20% down, 7.36% rate, 30yr · vacancy 8% · PM 10% · capex 5% · maintenance 1%/yr.

Estimates only. Not financial advice. Verify all figures independently with a licensed professional before making any investment decision.

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DCashflow−$13,730/mo